| Market Cap | $117.50B | |
| Enterprise Value | $132.42B | |
| Revenue | $38.47B | +2.8% |
| Gross Profit | $29.90B | — |
| EBITDA | $4.66B | −32.8% |
| Net Income | $1.50B | −50.6% |
| Diluted EPS | $1.63 | −50.8% |
| Free Cash Flow | $2.73B | −26.4% |
| DPS (FY2025) | $2.45 |
| Trailing yield | 2.38% |
| Payout ratio | 149.3% |
| Growth streak | 3 yrs |
| 5y DPS growth | 14.8% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-09-28 | $2.45 | +5.6% | reported |
| FY20242024-09-29 | $2.32 | +7.4% | reported |
| FY20232023-09-30 | $2.16 | +8.0% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 12y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||||||||
| Gross Margin | 58.30% | 59.36% | 60.08% | 68.44% | 67.92% | 67.83% | — | — | — | — | — | — | — | — | |
| Operating Margin | 18.73% | 18.79% | 19.57% | 18.47% | 15.71% | 15.38% | 6.64% | 16.77% | 14.32% | 16.32% | 14.95% | 7.90% | 13% | 68% | |
| EBITDA Margin | 23.28% | 23.66% | 24.40% | 23.24% | 20.99% | 20.85% | 13.03% | 22.01% | 19.06% | 20.35% | 19.35% | 12.66% | 4% | 71% | |
| NOPAT Margin | 12.26% | 13.29% | 13.14% | 12.34% | 12.28% | 12.38% | 5.27% | 13.15% | 11.11% | 12.46% | 11.32% | 5.85% | 13% | 67% | |
| Net Margin | 12.57% | 14.39% | 13.22% | 12.89% | 18.28% | 13.58% | 3.95% | 14.45% | 10.18% | 11.46% | 10.40% | 4.99% | 13% | 65% | |
| FCF Margin | −3.36% | 12.76% | 15.28% | 12.21% | 40.30% | 12.22% | 0.49% | 15.55% | 7.93% | 10.22% | 9.17% | 6.57% | 21% | 67% | |
| FCFF Margin | −3.11% | 13.02% | 15.54% | 12.48% | 40.84% | 13.23% | 1.96% | 16.82% | 9.09% | 11.38% | 10.35% | 7.65% | 21% | 59% | |
| FCFE Margin | 1.19% | 14.01% | 21.17% | 13.77% | 62.89% | 18.43% | 20.59% | 11.25% | 9.47% | 11.60% | 9.64% | 7.91% | 13% | 68% | |
| OCF Margin | 3.70% | 19.56% | 22.04% | 18.99% | 48.29% | 19.04% | 6.79% | 20.61% | 13.63% | 16.70% | 16.85% | 12.77% | 21% | 77% | |
| Gross Profitability | 89.18% | 91.62% | 89.48% | 106.65% | 69.50% | 93.56% | — | — | — | — | — | — | — | — | |
| Capex Intensity | 7.06% | 6.80% | 6.76% | 6.79% | 8.00% | 6.82% | 6.31% | 5.06% | 5.71% | 6.49% | 7.68% | 6.20% | 21% | 85% | |
| ▸Returns on Capital · 6 ratios | |||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||||||||
| ▸Earnings quality · 7 ratios | |||||||||||||||
| ▸Liquidity & coverage · 9 ratios | |||||||||||||||
| ▸Leverage · 9 ratios | |||||||||||||||
| ▸Working capital · 8 ratios | |||||||||||||||
| ▸Capital allocation · 5 ratios | |||||||||||||||
| ▸Per share · 6 ratios | |||||||||||||||
| ▸Other · 1 ratios | |||||||||||||||
The five drivers multiply to 484.5% vs reported ROE 136.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.45B | $19.16B | $21.32B | $22.39B | $24.72B | $26.51B | $23.52B | $29.06B | $32.25B | $35.98B | $36.18B | $37.18B |
| YoY % | +16.5% | +11.2% | +5.0% | +10.4% | +7.2% | -11.3% | +23.6% | +11.0% | +11.6% | +0.6% | +2.8% | |
| Cost of Revenue | $6.86B | $7.79B | $8.51B | $7.07B | $7.93B | $8.53B | — | — | — | — | — | — |
| YoY % | +13.5% | +9.3% | -17.0% | +12.2% | +7.5% | |||||||
| Selling & Marketing Expense | $315.5M | $351.5M | $378.7M | — | — | — | — | — | — | — | — | — |
| YoY % | +11.4% | +7.7% | ||||||||||
| SG&A Expense | $991.3M | $1.20B | $1.41B | $1.41B | $1.71B | $1.82B | $1.68B | $1.93B | $2.03B | $2.44B | $2.52B | $2.62B |
| YoY % | +20.7% | +17.7% | -0.0% | +21.3% | +6.8% | -7.9% | +15.1% | +5.1% | +20.1% | +3.4% | +3.7% | |
| Total Operating Expenses | $13.63B | $15.81B | $17.46B | $18.64B | $21.14B | $22.73B | $22.28B | $24.57B | $27.87B | $30.49B | $31.07B | $34.50B |
| YoY % | +16.0% | +10.4% | +6.8% | +13.4% | +7.5% | -2.0% | +10.3% | +13.4% | +9.4% | +1.9% | +11.0% | |
| Operating Income | $3.08B | $3.60B | $4.17B | $4.13B | $3.88B | $4.08B | $1.56B | $4.87B | $4.62B | $5.87B | $5.41B | $2.94B |
| YoY % | +16.9% | +15.9% | -0.9% | -6.1% | +5.0% | -61.7% | +212.0% | -5.2% | +27.1% | -7.9% | -45.7% | |
| Interest Expense | $64.1M | $70.5M | $81.3M | $92.5M | $170.3M | $331.0M | $437.0M | $469.8M | $482.9M | $550.1M | $562.0M | $542.6M |
| YoY % | +10.0% | +15.3% | +13.8% | +84.1% | +94.4% | +32.0% | +7.5% | +2.8% | +13.9% | +2.2% | -3.5% | |
| Equity Method Income | $268.3M | $249.9M | $318.2M | $391.4M | $301.2M | $298.0M | $322.5M | $385.3M | $234.1M | $298.4M | $301.2M | $247.8M |
| YoY % | -6.9% | +27.3% | +23.0% | -23.0% | -1.1% | +8.2% | +19.5% | -39.2% | +27.5% | +0.9% | -17.7% | |
| Impairment of Real Estate | — | — | — | — | — | — | $210.0M | — | — | — | — | — |
| Pretax Income | $3.16B | $3.90B | $4.20B | $4.32B | $5.78B | $4.47B | $1.16B | $5.36B | $4.23B | $5.40B | $4.97B | $2.51B |
| YoY % | +23.5% | +7.6% | +2.8% | +33.9% | -22.7% | -73.9% | +360.1% | -21.0% | +27.6% | -8.0% | -49.5% | |
| Income Tax | $1.09B | $1.14B | $1.38B | $1.43B | $1.26B | $871.6M | $239.7M | $1.16B | $948.5M | $1.28B | $1.21B | $650.6M |
| YoY % | +4.7% | +20.6% | +3.8% | -11.9% | -30.9% | -72.5% | +382.5% | -18.0% | +34.7% | -5.5% | -46.1% | |
| Net Income (incl. NCI) | $2.07B | $2.76B | $2.82B | $2.88B | $4.52B | $3.59B | $924.7M | $4.20B | $3.28B | $4.12B | $3.76B | $1.86B |
| YoY % | +33.4% | +2.2% | +2.3% | +56.6% | -20.4% | -74.3% | +354.2% | -21.8% | +25.6% | -8.8% | -50.6% | |
| Minority Interest (P&L) | -$400,000 | $1.9M | $1.2M | $200,000 | -$300,000 | -$4.6M | -$3.6M | $1.0M | $1.8M | $200,000 | $1.4M | $300,000 |
| YoY % | -36.8% | -83.3% | +80.0% | -88.9% | +600.0% | -78.6% | ||||||
| Net Income | $2.07B | $2.76B | $2.82B | $2.88B | $4.52B | $3.60B | $928.3M | $4.20B | $3.28B | $4.12B | $3.76B | $1.86B |
| YoY % | +33.3% | +2.2% | +2.4% | +56.6% | -20.3% | -74.2% | +352.4% | -21.9% | +25.7% | -8.8% | -50.6% | |
| EPS (Basic) | $1.37 | $1.84 | $1.91 | $1.99 | $3.27 | $2.95 | $0.79 | $3.57 | $2.85 | $3.60 | $3.32 | $1.63 |
| YoY % | +34.3% | +3.8% | +4.2% | +64.3% | -9.8% | -73.2% | +351.9% | -20.2% | +26.3% | -7.8% | -50.9% | |
| EPS (Diluted) | $1.35 | $1.82 | $1.90 | $1.97 | $3.24 | $2.92 | $0.79 | $3.54 | $2.83 | $3.58 | $3.31 | $1.63 |
| YoY % | +34.8% | +4.4% | +3.7% | +64.5% | -9.9% | -72.9% | +348.1% | -20.1% | +26.5% | -7.5% | -50.8% | |
| Weighted Avg Shares (Basic) | 1.51B | 1.50B | 1.47B | 1.45B | 1.38B | 1.22B | 1.17B | 1.18B | 1.15B | 1.15B | 1.13B | 1.14B |
| YoY % | -0.7% | -1.6% | -1.5% | -4.6% | -11.7% | -4.0% | +0.4% | -2.1% | -0.6% | -1.1% | +0.2% | |
| Weighted Avg Shares (Diluted) | 1.53B | 1.51B | 1.49B | 1.46B | 1.39B | 1.23B | 1.18B | 1.19B | 1.16B | 1.15B | 1.14B | 1.14B |
| YoY % | -0.8% | -1.8% | -1.7% | -4.6% | -11.6% | -4.2% | +0.3% | -2.3% | -0.6% | -1.2% | +0.2% | |
| Dividends Declared per Share | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $2 | $2 | $2 | $2 |
| YoY % | +23.6% | +25.0% | +23.5% | +25.7% | +12.9% | -17.4% | +86.2% | -12.7% | +8.0% | +7.4% | +5.6% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| reported |
| FY20222022-10-02 | $2.00 | −12.7% | reported |
| FY20212021-10-03 | $2.29 | +86.2% | reported |
| FY20202020-09-27 | $1.23 | −17.4% | reported |
| FY20192019-09-29 | $1.49 | +12.9% | reported |
| FY20182018-09-30 | $1.32 | +25.7% | reported |
| FY20172017-10-01 | $1.05 | +23.5% | reported |
| FY20162016-10-02 | $0.85 | +25.0% | reported |
| Ex-date | Amount | Pay date | Freq | Source |
|---|---|---|---|---|
| 2026-05-15 | $0.6200 | 2026-05-29 | quarterly | licensed |
| 2026-02-13 | $0.6200 | 2026-02-27 | quarterly | licensed |
| 2025-11-14 | $0.6200 | 2025-11-28 | quarterly | licensed |
| 2025-08-15 | $0.6100 | — | quarterly | licensed |
| 2025-05-16 | $0.6100 | 2025-05-30 | quarterly | licensed |
| 2025-02-14 | $0.6100 | — | quarterly | licensed |
| 2024-11-15 | $0.6100 | — | quarterly | licensed |
| 2024-08-16 | $0.5700 | — | quarterly | licensed |
